|By Marketwired .||
|August 12, 2013 09:15 AM EDT||
BRADENTON, FL -- (Marketwired) -- 08/12/13 -- Silver Falcon Mining, Inc. (OTCBB: SFMI) provides update on its Canadian investors.
Mill and Sinker Tunnel Update
A group of Canadian investors have decided to participate in the further development of the Diamond Creek Mill facility, owned by Silver Falcon Mining, Inc., and the Sinker tunnel drilling program, subject to verification of the facts. Both are under operational management by Silver Falcon Mining, Inc. in Murphy, Idaho, USA.
During a recent informal visit by the two mining experts selected and financed by these investors, a number of facts were verified to be accurate as previously described in Silver Falcon Mining's past news releases, on SFMI's website and in its SEC filings.
Management has been authorized to quote the following from their internal memo:
"...the pit area, as described by Mr. Quilliam, has been confirmed to contain a substantial tonnage."
"...the personnel, greeting us at the site, were very accommodating and provided us with a good history of their sampling protocol over a 2 years period from the past minerals processing. One VERY IMPORTANT discussion was the fact that they kept all their rejects from their samplings and will make them available to us on our official sampling visit."
"...their assay lab technician was an open book for us and it is our opinion that their previous sampling methods were carried out to an industry standard which bodes well for our objectives."
An independent, ISO accredited, laboratory will be retained to perform GOLD and SILVER analysis on the samples generated from the validation component of the due diligence process.
This due diligence is a normal protocol and is being financed entirely by the investors. Our Directors are confident in the accuracy of our previous results in this field and will provide unrestricted access to all of the operation and data on hand.
From our CEO.
Mr. Quilliam, CEO of Silver Falcon Mining, Inc., said, "We are very happy to work hand in hand with a savvy Canadian group of investors, whose past experience, in the gold and silver mining field, combined with access to the large pool of funds required to proceed with both the building of our permitted leaching unit and our drilling program of War Eagle Mountain will help further develop and solidify Silver Falcon Mining, Inc. for the benefit of its shareholders who have suffered under the latest readjustment of the precious metal market."
For further information, contact Mr. Richard Kaiser, Investor Relations, 757-306-6090 and/or www.silverfalconmining.com.
Silver Falcon Mining, Inc. cautions that the statements made in this press release constitute forward looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.